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What should you know before buying stock in Clarivate Plc (CLVT)

Clarivate Plc (NYSE: CLVT) is -19.22% lower on its value in year-to-date trading and has touched a low of $6.07 and a high of $10.03 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CLVT stock was last observed hovering at around $7.43 in the last trading session, with the day’s gains setting it 0.05%.

Currently trading at $7.48, the stock is 4.15% and -8.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.91 million and changing 0.67% at the moment leaves the stock -6.22% off its SMA200. CLVT registered -19.66% loss for a year compared to 6-month gain of 11.14%. The firm has a 50-day simple moving average (SMA 50) of $4.11 and a 200-day simple moving average (SMA200) of -$1.03k.

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The stock witnessed a 4.18% loss in the last 1 month and extending the period to 3 months gives it a -20.26%, and is 3.60% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.39% over the week and 3.09% over the month.

Clarivate Plc (CLVT) has around 12000 employees, a market worth around $4.98B and $2.63B in sales. Fwd P/E is 9.28. Profit margin for the company is -37.53%. Distance from 52-week low is 23.23% and -25.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.16%).

Clarivate Plc quarterly earnings per share for the current quarter are estimated at $0.14 with sales reaching $618.83M over the same period.The EPS is expected to shrink by -8.30% this year, but quarterly earnings will post -0.40% year-over-year. Quarterly sales are estimated to shrink -0.60% in year-over-year returns.

Clarivate Plc (CLVT) Top Institutional Holders

332 institutions hold shares in Clarivate Plc (CLVT), with institutional investors hold 110.83% of the company’s shares. The shares outstanding are 666.10M, and float is at 369.32M with Short Float at 9.18%. Institutions hold 92.43% of the Float.

The top institutional shareholder in the company is Leonard Green & Partners, L.P. with over 116.67 million shares valued at $1.11 billion. The investor’s holdings represent 17.25% of the CLVT Shares outstanding. As of Jun 29, 2023, the second largest holder is Clarkston Capital Partners LLC with 51.39 million shares valued at $489.79 million to account for 7.60% of the shares outstanding. The other top investors are Generation Investment Management LLP which holds 43.76 million shares representing 6.47% and valued at over $417.05 million, while Exor N.V. holds 4.80% of the shares totaling 32.47 million with a market value of $309.46 million.

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